The overpayment concession has been doubled from 10% to 20% until 31st March 2011. During this time clients can pay up to 20% of their variable rate loan balance without incurring an early repayment charge (ERC). This market leading proposition is available to Halifax, BM Solutions and Cheltenham & Gloucester and offers both your new and existing clients a fantastic opportunity to make significant savings on their mortgage.
Now cynical readers may wish to consider why Lloyds Banking Group are taking this step could it be that as a group they are desperate to get funds into the organisation – food for thought?
Santander (Abbey and Alliance & Leicester) have announced that 80% of their business comes through Mortgage Brokers the remaining 20% is direct through Branches.
Gordon Brown announces the Budget will be on the 24th March
The Coventry and Shroud & Swindon Building Societies – the 3rd and 11th biggest respectively – have announced talks of a merger.
Andrew Fowler worked for Limetree Financial Services until December 2010. Feel free to contact another member of our team for help or advice.